Let's talk about the CURRENCY OF THE CONFEDERACY

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Let's talk about the CURRENCY OF THE CONFEDERACY
On top of that, the immiseration of not only the black slaves but also of the non plantation owner white workers (whose pay and conditions were suppressed by the cheap availability of slave labor) may have served to enrich the southern elite by comparison, but over the decades between northern local abolition of slavery and the outbreak of the civil war, the southern economy was kept small and comparatively impoverished as a whole compared to the boom up north. Now I'm not lionizing the north, we're talking about resources taken by stealing the land and violently displacing the native nations, and capitalist work practices only ameliorated slightly by higher wages because of the glut of loot from that ongoing conquest and the comparative scarcity of labor to respond to the wage with explicit chattel slavery not an option. Still, it's another illustration of the failure of the slave states on their own terms: to maintain their control, they strangled their potential profits. To ensure maximum extraction for themselves of any surplus, they killed the possibility of most increases to the surplus production. Authority is a noose, an albatross around the neck of those who enforce it and benefit from it.